Dimensional Fund Advisors LP Has $199.91 Million Stake in IES Holdings, Inc. $IESC

Dimensional Fund Advisors LP trimmed its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 502,758 shares of the technology company’s stock after selling 59,916 shares during the period. Dimensional Fund Advisors LP owned 2.53% of IES worth $199,905,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in IESC. Pertento Partners LLP purchased a new stake in shares of IES in the second quarter valued at $46,916,000. SG Capital Management LLC purchased a new position in shares of IES during the third quarter valued at $38,609,000. Swedbank AB raised its position in IES by 153.1% during the third quarter. Swedbank AB now owns 81,000 shares of the technology company’s stock valued at $32,210,000 after buying an additional 49,000 shares during the period. Arrowstreet Capital Limited Partnership raised its position in IES by 50.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 110,313 shares of the technology company’s stock valued at $32,678,000 after buying an additional 36,845 shares during the period. Finally, Invesco Ltd. lifted its stake in IES by 43.7% in the 2nd quarter. Invesco Ltd. now owns 91,567 shares of the technology company’s stock worth $27,125,000 after acquiring an additional 27,849 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Stock Up 1.1%

IES stock opened at $430.65 on Monday. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70. The stock has a market cap of $8.58 billion, a P/E ratio of 25.62 and a beta of 1.68. The company’s fifty day simple moving average is $454.77 and its 200-day simple moving average is $413.61.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23). The firm had revenue of $870.96 million for the quarter, compared to analysts’ expectations of $876.00 million. IES had a return on equity of 35.62% and a net margin of 9.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IESC shares. Weiss Ratings restated a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Loop Capital set a $458.00 target price on IES in a report on Tuesday, February 3rd. Finally, Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IES has an average rating of “Buy” and a consensus target price of $458.00.

Insider Buying and Selling

In other news, Director David B. Gendell sold 17,867 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $452.20, for a total transaction of $8,079,457.40. Following the completion of the sale, the director directly owned 70,669 shares of the company’s stock, valued at $31,956,521.80. This trade represents a 20.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of IES stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $473.25, for a total value of $36,156,300.00. Following the sale, the chairman owned 10,595,320 shares of the company’s stock, valued at approximately $5,014,235,190. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 123,320 shares of company stock worth $58,839,170. Insiders own 56.43% of the company’s stock.

IES Company Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.